Crane Q2 adj EPS $1.10, core sales up 5%; raises FY guidance to $3.80-$4.10

Crane Co

2023-Q2 EPS reported $2.64 revenue$1,023,400,000

GAAP EPS $0.75; adjusted EPS $1.10; adjusted operating profit up 30% YoY.
Revenue $510M, down 4% YoY with core sales up 5%, offset by Crane Supply divestiture.
Adjusted operating margin 16.5%, up 430 bps; core backlog growth 15%.
Raising full-year adj EPS guidance to $3.80-$4.10 from $3.60-$3.90; Q3 dividend $0.18/shr.
Management cites ~$1B acquisition capacity, actively exploring bolt-on M&A.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Crane Co reported full year 2023 results: EPS $3.80-$4.10. Guidance raised.

Period: full year 2023
EPS: $3.80-$4.10
Guidance: raised
Result: guidance update

Exact text from the filing

• Raising adjusted EPS guidance to a range of $3.80-$4.10, from prior range of $3.60-$3.90.

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Source: SEC EDGAR

accession 0001628280-23-025601

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